$1.5M
$312,870
"Experience the perfect blend of rural living and urban convenience with this stunning property, offering a serene lifestyle while being just a short drive from Gisborne, Sunbury, and Melbourne. The house is surrounded by wide decked verandahs on all sides, providing ample outdoor living space and capturing panoramic views of the garden, city skyline, and Port Philip Bay. Inside, the home features four spacious bedrooms plus a study, three bathrooms, a family room, and a lounge room. The kitchen is the heart of the home, equipped with an Ilve gas cooktop and double electric oven, ideally positioned for easy access to the meals, dining, and living areas. A solid fuel heater and open fire create cozy atmospheres, while the electric zoned ducted heatingcooling system and reverse cycle options ensure comfort in all seasons. An expansive outdoor covered entertainment area offers a great space for gatherings, while a separate selfcontained accommodation includes a TVgames room, barkitchenette, bedroomhome office, and spagymideal for guests, extended family, or a homebased business. The property also boasts solid timber and slate flooring throughout, enhancing the natural charm and warmth. Set on 10 acres of fully fenced paddocks, the property includes a shed, a dam with a pumped and gravityfed watering system, and an established terraced garden featuring fruit trees, native wildlife, and bird habitats. Theres a chook shed for fresh eggs, and the lush garden is easy to maintain, offering a tranquil escape. Practicality is paramount with ample parking, a large covered carport, and two streetaccess drivewaysone leading to the house and another to a utility area, perfect for offstreet parking or storage. The property also features close access to the local school bus stop, servicing both state and private schools, and a convenient commute to Melbourne via the Calder Highway. This versatile home is perfect for multigenerational living, a home office setup, or even shortstay accommodation. Located near the Gisborne Pony Club, Gisborne South Tennis Club, and surrounded by wineries, this property offers an exceptional opportunity to enjoy a country lifestyle without sacrificing convenience."
Below are some similar properties in the area you may be interested in.
-
91.2%
-
-
$70,000
-$47,209
2.3%
1.8%
-15.4%
6.0%
Asking Price
$1,500,000
Estimated Purchase Price
$1,615,000
Stamp Duty
$88,825
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$161,500
Reg. Mortgage
$129
LMI Premium
$50,534
Renovation Costs
-
Total Cash/Equity Required
$306,350
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$36,400
$51,809
Property Management
+7.7% PA
$2,803
$3,989
Rates
+3.0% PA
$1,843
$2,405
Water
+3.0% PA
$1,015
$1,324
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$28,489
$41,155
Interest Repayments
$95,931
$95,931
Net Cashflow Before Tax
-$67,442
-$54,776
Depreciation
-
-
Tax Offset
-$20,233
-$16,433
Net Cashflow After Tax
-$47,209
-$38,344
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,799,580
$3,253,212
Loan Balance
I.O
$1,453,500
$1,453,500
$346,080
$1,799,712
Did you know you need to engage a conveyancer when buying a property?
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2021 Population
Suburbs
Health Care and Social Assistance - 12.0%
Retail Trade - 11.0%
Education and Training - 11.0%
Construction - 9.0%
Others - 57.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price